iPhoneXSuppliesNearlyReachParityatAppleRetailStores

If you didn’t find an iPhone X under your Christmas tree, you’re in luck. The odds are pretty good the Apple retail store nearest to you has the flagship device you want in stock, nearly two months after it first arrived on the market.

Loup Ventures analyst Gene Munster (via AppleInsider) found iPhone X availability at 139 of Apple’s 271 U.S. locations grew from 56 to 97 percent for an average of 75 percent. The figure comes from supply checks performed from Dec. 18 to Dec. 25. That compares against 44 percent one week ago, and 25 percent the week before that.

The analyst expects the iPhone X to reach “global supply demand equilibrium” by the middle of January.

As Munster explains:

The bigger story is that the [Wall] Street is underestimating the positive ASP [average sales price] impact from the iPhone X over the next few quarters, which should play out as a positive to the Apple story.

The analyst called for an ASP of $740 for Apple’s 2018 fiscal year, versus general Wall Street consensus of $705.

On Christmas Day, Taiwan’s Economic Daily News said Apple’s planning on trimming iPhone X orders during the next quarter from 50 million to 30 million units. Apple typically lowers iPhone orders after the holiday.